Unit 2: Financial Statement Analysis – Discussion

Cardiac emergencies and choking
April 7, 2021
Final project
April 7, 2021

Unit 2: Financial Statement Analysis – Discussion

Standard
Industry Classifications, How are you doing compared to others?

Standard Industry Classification
codes (SIC) are used for financial statement “benchmarks” analysis. Your
company’s financial results would need to be compared to others. SICs provide
the format to compare a particular company’s financial data to their respective
SIC-industry averages.

Explain how you would use SIC codes
to analyze a Company Xs Accounts Receivable Turnover of four times per year
versus a SIC rate of eight times per year.

200 words apa 

 

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